Government-wide Financial Analysis As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. For the Village of Grafton, total net position was $72,216,086 at the close of 2016. The largest portion of the Village of Grafton’s December 31, 2016 net position (approximately 79 percent) reflects its net investment in capital assets (e.g., land, buildings, machinery, and equipment). The Village of Grafton uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the Village of Grafton’s net investment in its capital assets is reported net of debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. An additional portion of the Village of Grafton’s net position (approximately 7 percent) represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position ($10,651,418) may be used to meet the Village’s ongoing obligations to citizens, creditors, and employees. Deferred outflows of resources increased $2,422,068, of this amount $2,567,070 is related to pensions. This represents a consumption of net position/fund balance that applies to a future period and will not be recognized as an outflow of resources until a future time. Total capital assets increased by $847,074 net of depreciation or 0.9 percent in 2016. In 2016, $2,451,874 in governmental assets were added. However, additions were offset by net disposals of $1,801,376 and depreciation of $1,781,016. Business type capital assets of $6,463,086 were added in 2016 but offset by net disposals of $3,870,427 and $1,262,170 in depreciation. VILLAGE OF GRAFTON'S NET POSITION Governmental Business-type Activities Activities 2016 2015 2016 2015 2016 2015 Current and other assets $20,813,403 $21,586,818 $5,880,018 $5,408,520 $26,693,421 $26,995,338 Capital assets 57,805,255 58,935,773 36,288,974 34,311,382 94,094,229 93,247,155 Total Assets 78,618,658 80,522,591 42,168,992 39,719,902 120,787,650 120,242,493 Deferred outflows of resources 4,446,008 2,264,451 419,636 179,125 4,865,644 2,443,576 Long-term liabilities outstanding 30,027,635 31,658,615 6,547,818 4,249,988 36,575,453 35,908,603 Other liabilities 4,254,618 3,810,334 1,257,900 791,828 5,512,518 4,602,162 Total Liabilities 34,282,253 35,468,949 7,805,718 5,041,816 42,087,971 40,510,765 Deferred Inflow of resources 11,218,404 10,208,782 130,833 - 11,349,237 10,208,782 Net position: Net Investment in capital assets 27,262,506 26,485,210 29,401,861 29,716,861 56,664,367 56,202,071 Restricted 3,432,955 3,302,269 1,467,346 915,572 4,900,301 4,217,841 Unrestricted 6,868,548 7,321,832 3,782,870 4,224,778 10,651,418 11,546,610 Total net position $ 37,564,009 $ 37,109,311 $34,652,077 $34,857,211 $72,216,086 $71,966,522 Totals As of December 31 17